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Goldman ex-director Gupta must repay $6.22 million to bank

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Rajat Gupta departs Manhattan Federal Court after being sentenced in New York
© Lucas Jackson / Reuters
Former Goldman Sachs Group Inc board member Rajat Gupta departs Manhattan Federal Court after being sentenced in New York, in this file photo taken October 24, 2012. REUTERS/Lucas Jackson
updated 2/25/2013 5:21:21 PM ET 2013-02-25T22:21:21

(Reuters) - A federal judge on Monday ordered former Goldman Sachs Group Inc director Rajat Gupta to reimburse $6.22 million to the bank to help cover its legal expenses related to his criminal insider trading case.

Goldman had sought to recover $6.91 million from Gupta, and U.S. District Judge Jed Rakoff said the bank had proved it was entitled to 90 percent of what it requested.

Gupta is appealing his June 15, 2012 conviction and two-year prison term for leaking boardroom secrets to Raj Rajaratnam, the hedge fund manager at the center of a multi-year U.S. government crackdown on insider trading.

(Reporting by Jonathan Stempel in New York; Editing by Leslie Gevirtz)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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